Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report)'s share price was up 11.9% during mid-day trading on Wednesday . The stock traded as high as $1.74 and last traded at $1.74. Approximately 169,020 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 706,062 shares. The stock had previously closed at $1.55.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group cut their price target on shares of Advantage Solutions from $5.50 to $3.50 and set a "buy" rating on the stock in a report on Tuesday, March 11th.
View Our Latest Research Report on ADV
Advantage Solutions Stock Performance
The company has a debt-to-equity ratio of 1.81, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market capitalization of $565.68 million, a PE ratio of -4.29 and a beta of 1.66. The firm has a fifty day moving average price of $2.41 and a two-hundred day moving average price of $3.01.
Institutional Trading of Advantage Solutions
A number of large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in Advantage Solutions by 11.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,684,721 shares of the company's stock worth $13,679,000 after buying an additional 479,348 shares during the period. CastleKnight Management LP increased its position in shares of Advantage Solutions by 61.7% during the fourth quarter. CastleKnight Management LP now owns 3,924,922 shares of the company's stock worth $11,461,000 after acquiring an additional 1,496,994 shares during the period. Bridgeway Capital Management LLC raised its stake in shares of Advantage Solutions by 1.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 3,150,863 shares of the company's stock valued at $9,201,000 after acquiring an additional 53,105 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Advantage Solutions by 5.1% in the fourth quarter. Empowered Funds LLC now owns 1,700,863 shares of the company's stock valued at $4,967,000 after purchasing an additional 83,105 shares during the period. Finally, Sovereign s Capital Management LLC bought a new position in Advantage Solutions in the fourth quarter worth approximately $2,599,000. 49.82% of the stock is owned by hedge funds and other institutional investors.
Advantage Solutions Company Profile
(
Get Free Report)
Advantage Solutions Inc provides business solutions to consumer goods manufacturers and retailers in North America and internationally. It operates in two segments, Sales and Marketing. The Sales segment offers brand-centric services, such as headquarter relationship management; analytics, insights, and intelligence; and brand-centric merchandising services.
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